ANNOUNCEMENT 28 Dec 2010

On 28 December 2010, the EIB provided financing worth EUR 100 million (USD 132 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 28 Dec 2010 | Removal date: open ended

State loan

On 28 December 2010, the European Investment Bank (EIB) and Banco Guipuzcoano, S.a. signed an agreement worth EUR 100 million (approx. USD 132 million) for the project Banco Guipuzcoano SMEs & Other Prior from Spain.

According to the project description issued by the EIB, Loan for financing small and medium-sized projects carried out primarily by SMEs (at least 70%), as well as by local authorities and mid-cap enterprises up to 30% of the loan amount..

The objective of the project is defined as following: The loan will make term finance available to SMEs and for small and medium-sized investments at attractive conditions..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
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